rio: extract from 2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

- Source: inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 6)

Pentagon-Agent: Rio <HEADLESS>

entities/internet-finance/metadao-develop-saber-vote-market.md

@@ -0,0 +1,46 @@
+---
+type: entity
+entity_type: decision_market
+name: "MetaDAO: Develop a Saber Vote Market?"
+domain: internet-finance
+status: passed
+parent_entity: "[[metadao]]"
+platform: "futardio"
+proposer: "Proph3t"
+proposal_url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM"
+proposal_date: 2023-12-16
+resolution_date: 2023-12-22
+category: "mechanism"
+summary: "Proposal to build a Saber vote market platform funded by $150k consortium, with MetaDAO owning majority stake and earning 5-15% take rate on vote trading volume"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# MetaDAO: Develop a Saber Vote Market?
+
+## Summary
+Proposal to build a vote market platform for Saber's veSBR governance token, funded by $150,000 from ecosystem partners (UXD, BlazeStake, LP Finance, Saber). The platform would enable veSBR holders to earn yield by selling their votes, while projects could efficiently purchase liquidity incentives. MetaDAO would retain majority ownership and earn 5-15% take rate on trading volume. Development timeline: 10 weeks with 6 named contributors and structured milestones.
+
+## Market Data
+- **Outcome:** Passed
+- **Proposer:** Proph3t (metaproph3t)
+- **Proposal Account:** GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TYM
+- **Completed:** 2023-12-22
+
+## Significance
+This proposal demonstrates MetaDAO's pivot from pure launchpad to infrastructure provider for governance mechanisms. The consortium funding model ($150k external capital with MetaDAO retaining majority ownership) shows futarchy enabling multi-stakeholder coordination. Financial projections used Curve and Aura as benchmarks, estimating $1 in yearly vote volume per $50 of protocol TVL, with Saber's $20M TVL implying $400k annual volume and $20-60k annual revenue at 5-15% take rates.
+
+The detailed execution plan (10-week timeline, $62k direct costs, 6 contributors with defined roles and rates, dual audit process) reveals the operational complexity of shipping futarchy-governed products. This contrasts with the theoretical simplicity of conditional markets as a governance primitive.
+
+## Development Team
+- Marie (swagy_marie) - UI/UX ($12k)
+- Matt (fzzyyti) - Smart contracts ($24k)
+- Durden (durdenwannabe) - Platform design & tokenomics ($7k)
+- Proph3t (metaproph3t) - Program management ($7k)
+- Joe (joebuild) - Audit ($5k)
+- r0bre - Audit ($5k)
+
+## Relationship to KB
+- [[metadao]] - parent organization, governance decision
+- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - mechanism being used
+- [[futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements]] - demonstrates operational complexity

entities/internet-finance/metadao.md

@@ -54,6 +54,8 @@ The futarchy governance protocol on Solana. Implements decision markets through
 - **2026-03** — Pine Analytics Q4 2025 quarterly report published
 
 - **2024-02-18** — [[metadao-otc-trade-pantera-capital]] failed: Pantera Capital's $50,000 OTC purchase proposal rejected by futarchy markets
+- **2023-12-16** — [[metadao-develop-saber-vote-market]] proposed: Build Saber vote market platform funded by $150k consortium (UXD, BlazeStake, LP Finance, Saber) with MetaDAO retaining majority ownership
+- **2023-12-22** — [[metadao-develop-saber-vote-market]] passed: Approved 10-week development timeline with $62k direct costs and dual audit process
 ## Key Decisions
 | Date | Proposal | Proposer | Category | Outcome |
 |------|----------|----------|----------|---------|

entities/internet-finance/proph3t.md

@@ -44,3 +44,7 @@ Relevant Entities:
 
 Topics:
 - [[internet finance and decision markets]]
+
+## Timeline
+
+- **2023-12-16** — Proposed [[metadao-develop-saber-vote-market]]: Structured $150k consortium deal with Saber, UXD, BlazeStake, and LP Finance; served as accountable party/program manager ($7k compensation)

entities/internet-finance/saber.md

@@ -0,0 +1,25 @@
+---
+type: entity
+entity_type: company
+name: "Saber"
+domain: internet-finance
+status: active
+founded: null
+website: null
+key_metrics:
+  tvl: "$20M (as of 2023-12-16)"
+  governance_token: "SBR / veSBR"
+tracked_by: rio
+created: 2026-03-11
+---
+
+# Saber
+
+Saber is a Solana-based automated market maker (AMM) protocol with $20M TVL as of December 2023. The protocol uses vote-escrowed SBR (veSBR) for governance, where token holders lock SBR to receive voting power over liquidity gauge emissions. Saber partnered with MetaDAO to develop a vote market platform, funded by a $150k consortium including Saber itself.
+
+## Timeline
+- **2023-12-16** — Partnered with MetaDAO on [[metadao-develop-saber-vote-market]]: Contributed to $150k consortium funding vote market development, with c2yptic (Saber team) proposing MetaDAO build the platform instead of internal development
+
+## Relationship to KB
+- [[metadao-develop-saber-vote-market]] - governance infrastructure partnership
+- Comparable to Curve Finance in vote market economics (used as benchmark for volume projections)

inbox/archive/2023-12-16-futardio-proposal-develop-a-saber-vote-market.md

@@ -6,9 +6,14 @@ url: "https://www.futard.io/proposal/GPT8dFcpHfssMuULYKT9qERPY3heMoxwZHxgKgPw3TY
 date: 2023-12-16
 domain: internet-finance
 format: data
-status: unprocessed
+status: processed
 tags: [futardio, metadao, futarchy, solana, governance]
 event_type: proposal
+processed_by: rio
+processed_date: 2026-03-11
+enrichments_applied: ["MetaDAOs-Autocrat-program-implements-futarchy-through-conditional-token-markets-where-proposals-create-parallel-pass-and-fail-universes-settled-by-time-weighted-average-price-over-a-three-day-window.md", "MetaDAO-is-the-futarchy-launchpad-on-Solana-where-projects-raise-capital-through-unruggable-ICOs-governed-by-conditional-markets-creating-the-first-platform-for-ownership-coins-at-scale.md", "futarchy-adoption-faces-friction-from-token-price-psychology-proposal-complexity-and-liquidity-requirements.md"]
+extraction_model: "anthropic/claude-sonnet-4.5"
+extraction_notes: "Primary extraction: decision_market entity for passed proposal. Three enrichments to existing futarchy mechanism claims with operational detail. Created new Saber entity. No novel claims—all insights enrich existing mechanism understanding. Proposal demonstrates MetaDAO's business model evolution from launchpad to infrastructure provider, with detailed financial modeling based on Curve/Aura benchmarks."
 ---
 
 ## Proposal Details
@@ -201,3 +206,13 @@ For those who are more familiar with bribe terminology, which I prefer not to us
 - Autocrat version: 0.1
 - Completed: 2023-12-22
 - Ended: 2023-12-22
+
+
+## Key Facts
+- Curve had $2B TVL with $1.25M biweekly vote incentives ($30M annual run rate) as of proposal date
+- Pre-Luna Curve had $20B TVL with $15-20M biweekly vote volume
+- Aura had $600M TVL with $900k biweekly vote volume in May 2023
+- Convex charges 7-10% take rate on vote markets
+- Votium charges ~3% take rate
+- Hidden Hand charges ~10% take rate
+- Saber had $20M TVL as of 2023-12-16